Policies relaxed to make M&A easier.

China sets up intellectual property courts.

China sets up the mechanism for trading emission rights.

Enterprises not complying with information publication requirements will be blacklisted.

Enterprise published information will be checked randomly by SAIC.

CBRC tightens control on trust companies.

Banks required to set up dedicated wealth management departments.

The Circular broadens the meaning of "special purpose vehicle" from having financing as its objective to investment and financing as its objectives.

More foreign-invested projects have been removed from the Shanghai FTZ negative list.